According to the latest market research study by Technavio, the global vacuum insulation panels (VIPs) market is expected to grow at a CAGR of close to 5% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global VIPs market regarding revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing end-user segments are discussed below
Global VIPs market for construction applications: VIPs have a range of applications in the construction industry. Some of the major applications of VIPs in the industry include floor insulation, dormer windows and door insulation, facades, attic insulation and stairs, roof and terrace insulation, and saunas.
“In the construction industry, the demand for energy-efficient buildings is driving the demand for VIPs. Insulating building elements reduce heat losses through the building fabric. VIPs are considered a more energy-efficient alternative to conventional building insulation materials due to their higher thermal resistance, which in turn is propelling the market growth,” says Ajay Adhikari, a lead analyst at Technavio for research on metals and minerals.
Global VIPs market for logistics industry: VIPs are extensively used for insulating tank containers and refrigerated shipping containers (reefers), which are used for transport logistics purposes. Vacuum insulated panels are used for insulating shipping containers and cargo vehicles employed in the transportation of food products, pharmaceuticals, and other temperature-sensitive products. They are widely used because they enable safer transportation conditions and prolong storage time.
Global VIPs market for cooling and freezing devices: Cumulative demand for efficient commercial and residential refrigerators is driving the demand for panel insulation. These panels are broadly used in biomedical and laboratory freezers to maintain the temperatures as low as -122.8°F required for storing temperature-sensitive materials such as chemicals, vaccines, and others. Insulated panels reduce the thickness of the insulating walls while not compromising on the performance.
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The top vendors operating in the global vacuum insulation panels market are:
- Dow Corning
- Evonik
- LG Hausys
- Panasonic
- Sealed Air
The other prominent vendors in the market include CSafe Global, Mayaterials, Microtherm, Morgan Advanced Materials, Thermal visions, Tesa, and va-Q-tec.
A more detailed analysis is available in the Technavio market research report titled, ‘Global VIPs Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Roofing Insulation Adhesives Market 2017-2021
- Global HVAC Insulation Market 2016-2020
- Global Insulated Packaging Market 2016-2020
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